MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Dan Duchardt who wrote (17014)	4/24/2003 11:25:35 PM
From: J.T.	Read Replies (1) of 19219

Yes. No. It seems it's going to take a lot of long buying interest to achieve the launch you anticipate. Buying volume is slowly picking up, as selling has withered on the vine. Volume will accelerate as DOW crosses DOW 8,800 and COMP above 1,500 and SPX above 930. As you have predicted, a lot of folks may miss the launch, and if they do their scared money is not going to be used for launch fuel. Yes they will. This is what always happens in the market. Very soon fear of missing the next leg up will overshadow fear of loss. They will, and already are, looking for pullbacks to get back in. Nobody wants to look like a fool buying or selling at the wrong time. And the general investing public has been cast in this straight jacket as nothing ever seems to change.

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